Beware cold calls offering shares in US technology companies that are not publicly listed. And under no circumstances respond to offers to buy them back at a vastly inflated price. That's the latest warning from the ICC Financial Investigation Bureau (FIB) following the discovery of a boiler room fraud that is currently targeting the Middle East. The technique is not new and neither are the people behind the scam, who have tried their luck in other parts of the world with a considerable degree of success before the relevant authorities issued warnings that the company does not have authorisation to offer financial services, putting investors on their guard and forcing the company to switch markets.
展开▼
